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Nov 13, 2012
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embassy not even one week after the election the honeymoon is apparently over president barack obama in congress to issue the so-called fiscal cliff the president and house republicans cannot reach it dealreach a deal, it could crush the economy. businesses are not making any risky moves. time is almost up on the president and congress. >> it's almost like the perfect store we have this fiscal cliff on top of that in the midst of a recession. he says he weighs his option on taxes and the rest of us are in a holding pattern. i just think that we don't know what that will look like so people are holding back employment holding back investments. just look at the stock market on wednesday after the election. this is a financial professional and author of investment discipline. he said his reaction had little to do with the president's reelection it was about uncertainty. the head of to paul's department of political science says that the deal they're discussing may not happen before the deadline politics is of course in play. anything they do will either be a tax cut or a credit for with
embassy not even one week after the election the honeymoon is apparently over president barack obama in congress to issue the so-called fiscal cliff the president and house republicans cannot reach it dealreach a deal, it could crush the economy. businesses are not making any risky moves. time is almost up on the president and congress. >> it's almost like the perfect store we have this fiscal cliff on top of that in the midst of a recession. he says he weighs his option on taxes and the...
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Nov 13, 2012
11/12
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the fiscal cliff. but not one of them is a banking ceo. what's behind the snub? we'll hear exclusively from one top bank ceo straight ahead. >>> then, the ceo of the new york stock exchange will join me next on how to fix the debt. back in a moment. ♪ [ female announcer ] today, it's not just about who lives in the white house, it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, and the home office as well. because today it's about all of us. and no matter who you are, you're the commander-in-chief of your own life. ♪ to a currency market for everyone. the potential of fxcm unlocked. nyse euronext. unlocking the world's potential. the potential of yelp unlocked. nyse euronext. unlocking the world's potential. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are
the fiscal cliff. but not one of them is a banking ceo. what's behind the snub? we'll hear exclusively from one top bank ceo straight ahead. >>> then, the ceo of the new york stock exchange will join me next on how to fix the debt. back in a moment. ♪ [ female announcer ] today, it's not just about who lives in the white house, it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, and the...
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Nov 13, 2012
11/12
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. >>> president obama is going to be busy the next couple of days. remember this story, the fiscal cliff, he's meeting today with labor leaders to put heat on congress to come up with a deal. tomorrow the president will meet with chief executives of big business businesses. the president will also hold a news conference. on friday, he meets with democratic and gop leaders of both houses to start negotiations. i earn 1% cash back everywhere, every time. [ both ] 2% back on groceries. [ all ] 3% on gas! no hoops to jump through. i earn more cash back on the things i buy most. [ woman in pet store ] it's as easy as... [ all ] one! -two. -[ all ] three! [ male announcer ] the bankamericard cash rewards credit card. apply online or at a bank of america near you. >>> congress returns to work today for its lame-duck is session. on top of to-do list, work to avert a fiscal crisis. the president is set to sit down with congressional leaders on friday to work on a compromise. the automatic tax increases and budget cuts are set to kick in at the end of the year
. >>> president obama is going to be busy the next couple of days. remember this story, the fiscal cliff, he's meeting today with labor leaders to put heat on congress to come up with a deal. tomorrow the president will meet with chief executives of big business businesses. the president will also hold a news conference. on friday, he meets with democratic and gop leaders of both houses to start negotiations. i earn 1% cash back everywhere, every time. [ both ] 2% back on groceries. [...
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Nov 13, 2012
11/12
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as part of an escalating effort to avert the fiscal cliff. >> it was a very, very positive meeting. the president, like we are, are committed to preserving the tax breaks for the middle class and making sure that rich people pay their fair share. >> among the leaders at the meeting, the head of the aflcio and the national education association. later this week, the president will host business leaders from both parties. in the meantime, briefing at the white house, chuck todd asked if the scandal was distracting from efforts to deal with the fiscal cliff. >> i'm not going to make a judgment on that. i think the issues that confront us are important enough and consuming enough with regards to the so-called fiscal cliff and the budget that he expects that those who are engaged in conversations about it and negotiations about it will be as focused as he is. >> amid-all of that in the past half hour, the house and senate were gavelled back to order following a seven-week hiatus. kelly o'donnell joins us. i understand mitch mcconnell kind of putting some strong words out there on the flo
as part of an escalating effort to avert the fiscal cliff. >> it was a very, very positive meeting. the president, like we are, are committed to preserving the tax breaks for the middle class and making sure that rich people pay their fair share. >> among the leaders at the meeting, the head of the aflcio and the national education association. later this week, the president will host business leaders from both parties. in the meantime, briefing at the white house, chuck todd asked...
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Nov 13, 2012
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if no deal is reached to avoid the so-called fiscal cliff. >>> and president obama is holding meetings all week long with business leaders and members of congress and union leaders to try to hash out a deal on that fiscal cliff. joining me now to talk more about this, cnn contributor and democratic strategist maria cardona and jason johnson. good morning to you both. >> good morning. >> good morning, carol. >> i know we have to talk about the fiscal cliff, but i'm dying to ask you about this scandal because it's all anyone's talking about. jason, can you -- it's a mess. >> i love the real housewives of the pentagon. that's what we're looking at right now. it's ridiculous, and the interesting thing is, no one has actually broken a law, but what i think it is, it's a reflection of the fact that we still have a culture in the military where people can behave in this way. where you can have these sort of mistresses and people have these backdoor relationships, et cetera, et cetera. i think the whole thing is more of a reflection problems in military culture than huge problem in national se
if no deal is reached to avoid the so-called fiscal cliff. >>> and president obama is holding meetings all week long with business leaders and members of congress and union leaders to try to hash out a deal on that fiscal cliff. joining me now to talk more about this, cnn contributor and democratic strategist maria cardona and jason johnson. good morning to you both. >> good morning. >> good morning, carol. >> i know we have to talk about the fiscal cliff, but i'm...
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Nov 13, 2012
11/12
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sue's there. 47 days from the fiscal cliff. those are the guys that need help. president obama meeting with big labor leaders today almost that bring us any closer for farther away from a deal? the cliff, a deal. millions of us use the product he invented, this man, right here, to keep our computers safe from virus. as we first reported yesterday, john mcafee is on the run in central america. he is wanted for murder. we have new information this hour, including his side of the story. >>> and tens of thousands of people are still without power in the 12 wealthiest counties in the country. my mere and father-in-law got theirs back last night, but they still have no heat, no hot water and no laundry. we sent gary gam minute ski into the mess in his home up to with two cameras and what he came back with will stun you. sue is live at the new york stock exchange. sue? >> i have seep a little bit of that ty, you don't want to miss gary's story in a few minutes much the markets have been up and down on either side unchanged today. right now the dow is in the green by 22
sue's there. 47 days from the fiscal cliff. those are the guys that need help. president obama meeting with big labor leaders today almost that bring us any closer for farther away from a deal? the cliff, a deal. millions of us use the product he invented, this man, right here, to keep our computers safe from virus. as we first reported yesterday, john mcafee is on the run in central america. he is wanted for murder. we have new information this hour, including his side of the story....
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Nov 13, 2012
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president obama will meet with labor leaders on the fiscal cliff, the first in a series of meetings this week on that issue. >>> more homeowners are paying their mortgages on time these days. transunion says 5.1% of mortgage holders were two months behind in the third quarter, the lowest percentage in over three years. >>> a major shakeup in microsoft. cnbc's jon fortt joins us from san jose. jon, good morning. >> i can't hear him. >> no, and i couldn't read his lips. i tried. did you see me trying to -- i have no idea what he said. he was talking about microsoft, that's all i know. normally we'd want to check him before i toss to him, just to see if you could hear him, that's just something i would try. maybe google just pulled the plug on that, i'm not sure. are they still rivals? they don't like each other. >> it could be apple, too. let's talk about jcpenney, the sales plunged at jcpenney hitting the company hard amid a transfor transformation by ceo ron johnson. bill ackman is giving the turnaround several years, bill ackman, founding and ceo of pershing square capital management, o
president obama will meet with labor leaders on the fiscal cliff, the first in a series of meetings this week on that issue. >>> more homeowners are paying their mortgages on time these days. transunion says 5.1% of mortgage holders were two months behind in the third quarter, the lowest percentage in over three years. >>> a major shakeup in microsoft. cnbc's jon fortt joins us from san jose. jon, good morning. >> i can't hear him. >> no, and i couldn't read his...
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Nov 13, 2012
11/12
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president obama has a full week focusing on the fiscal cliff. today he's meeting with progressive leaders, labor leaders. tomorrow he's meeting with business leaders. all that leading up to friday when meeting with the top democrat and republican from the house and nsenate to work this out. the other question has to do with how does this toafghanista? general allen, depending on how this plays out, is overseeing things in afghanistan. obviously, a very critical time. the president thohas to figure how he moves the remaining troops in afghanistan, combat troops out of afghanistan by the end of 2014. the one thing you can point to is the man -- general allen was already set to head out and move over to european command. and general joseph dunford who is also up for a confirmation hearing on thursday to replace general allen in afghanistan, that is going to proceed as scheduled. >> brianna, i want to ask you about "the washington post." it has a rofeport speculating w may replace hillary clinton and who may move into the defense department. >> that
president obama has a full week focusing on the fiscal cliff. today he's meeting with progressive leaders, labor leaders. tomorrow he's meeting with business leaders. all that leading up to friday when meeting with the top democrat and republican from the house and nsenate to work this out. the other question has to do with how does this toafghanista? general allen, depending on how this plays out, is overseeing things in afghanistan. obviously, a very critical time. the president thohas to...
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Nov 13, 2012
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. >> president obama meeting with business leaders tomorrow in washington to discuss the fiscal cliff. why are bank ceos not attending? we'll explore that question but first -- >> announcer: coming up, we're all artists in some capacity. some bigger than others. cramer's talent lies in the markets. he'll show it off with six stocks in 60 seconds when "squawk on the street" returns. frank, instead of scratching your way to retirement, get on e-trade. set up a real plan. frank! oh wow, you didn't win? i wanna show you something... it's my shocked face. [ gasps ] [ male announcer ] get a retirement plan that works... at e-trade. >>? the next hour we'll talk about home depot and two facebook analysts both think now is a buying opportunity also the ceo of zipcar in an exclusive. back to you. >> let's get six in 60 with jim. upgrade at dow chemical. >> goldman is talking about the super cycle of natural gas. a couple positive calls. this has been a horrible stock. they just reported batteries. they are saying it's a way to play a turn in the worldwide economy. >> secondary. >> many wonder w
. >> president obama meeting with business leaders tomorrow in washington to discuss the fiscal cliff. why are bank ceos not attending? we'll explore that question but first -- >> announcer: coming up, we're all artists in some capacity. some bigger than others. cramer's talent lies in the markets. he'll show it off with six stocks in 60 seconds when "squawk on the street" returns. frank, instead of scratching your way to retirement, get on e-trade. set up a real plan....
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Nov 13, 2012
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now it's a more conciliatory tone with this fiscal cliff. and the grover pledge republicans say privately gets in the way of that. now a majority of the congress has not signed the pledge because of republican losses as well as we talk to some incoming republicans in the house and they haven't signed it. they don't want to be tied down. and these aren't centrists, incoming members, these are conservatives. grover says eventually some of these guys will sign it after they've served in congress, but it's part of the republican party kind of reassessing things. >> i'll ask you to overgeneralize, we had speaker gingrich who says things aren't so bad, we just need to recalibrate a little bit. as you talk to republicans, capitol hill, strategists and big thinkers, are there more people saying we need some tweaks or more people saying we need to rebuild from the ground up? >> i think it's more of a significant revamp. especially when you're talking about immigration reform. i mean, you talk about the dream act, scale back bill that was voted on in
now it's a more conciliatory tone with this fiscal cliff. and the grover pledge republicans say privately gets in the way of that. now a majority of the congress has not signed the pledge because of republican losses as well as we talk to some incoming republicans in the house and they haven't signed it. they don't want to be tied down. and these aren't centrists, incoming members, these are conservatives. grover says eventually some of these guys will sign it after they've served in congress,...